Member Info for daramuda

Still respect you sir. This (SRX) will play out and despite Fanning so will SLE - how does a guy always come up smelling of roses?? I think that we may be a month away here. Sad eh? You still have to love it to play? Nice exchanging - time to rest. See if Lewino comes up trumps but I think that there may be a dark horse in Siekierki or Rogity.

Still respect you sir. This (SRX) will play out and despite Fanning so will SLE - how does a guy always come up smelling of roses?? I think that we may be a month away here. Sad eh? You still have to love it to play it n'est ce pas? C'est la vie et encore. Nice exchanging - time to rest. See if Lewino comes up trumps but I think that there may be a dark horse in Siekierki or Rogity.

I have long respected you and if I were to trawl through the old memory bank then you may be responsible for me being invested here but then you are also responsible for me being in SLE but I am not sorry because I think that will come good ----- with patience!!!! I think that RBC are going through all the proper avenues that they should. There are after all investment houses invested. Others will know better than me because I am not involved in the capital markets but I guess that it will take a bit of time. Personally I would add because this besides the Pala attempt is the first time that there has been sufficient interest to lead to an announcement. As I say I am not in the arena professionally but I think that we are now talking about unlocking and amount of the takeout/unlock - there may be something also in the agricultural aspect - why waste a corporate structure but is Mr Sissay right for such a venture - he may be - I am not qualified to judge. Good to be involved.

Thank you to all. I had put all those possibilities on the back burner and I think that I did not see Sissay as a possible leader without the support of a company like Pala who imo have been instrumental in getting SRX to where it is today - Apologies to Mr sissay if you are looking in. I think that he has been a great manager but had Pala representatives including their ceo Castro as a guidance and corporate lead. Gibralter - my earlier comments were not directed to his shareholdings and options per se but an indication that the 2012 accounts clearly show him as having no shares in SRX and given Pala's involvement I do not see him as a corporate leader. So that prompts the question as to who would in fact bring in that expertise if Mr Sissay were to manage an agricultural business. Secondly which would be better for SRX shareholders tax wise - a buy out as is; a have off of the agri. to newco leaving SRX to be talen out in specie subject to that hive out; an asset sale of the rutile business leaving SRX as a listed company and a special dividend in respect of the buyout of the rutile business at say £700 million? Interesting considerations but plenty to chew on. Thank you xanaduj and corbine - you have improved the mix. The company is still worth £700 million plus!!!

But where could develop beyond its rutile. What you propose is a continuing SRX fully listed and able to develop in a way that you do not expand upon. Sissay has done a good job as manager. He has no stock in the company and does not strike me as a corporate guy or necessarily able to acquire another venture and what would he branch out into: zinc, lead etc? To my mind it looks like either a third party or Pala wnat the asset under 100% ownership. Does Pala have a desire for it? I do not know. But whether they or a third party want it, with M & G, JP Morgan and Investec on board they are going to have to be persuaded on price. Castro clearly sees value otherwise he would not have acquired over 800K shares between 31.12.11 and 31.12.12. I only hold just under 100K shares. Gibralter1 clearly has a great deal riding o this and has been imo very very shrewd and good luck to him.

corbine - they have showed on 27 Nov advfn and they could well be a roll over. Price buy out - I am as much guided as Gibraltar1 and with the REE they could be worth alot to a particular interested party - but who? Reminds me of a stock that that my late father held and he died in 1972. It's asset was a tea plantation - EW Tarry - and it was bought out after he died. I am pleased that I held on to them for my mother. We had a broker in those days who understood stocks with under valued assets. SRX is one.

What do you make of the two sale trades yesterday evening and the day before each in 180,000 shares?

This is about Lead Zinc and Silver and not Uranium.

Thank you nicpic.

When were the equivalent results announced last year? - I cannot find the date. Would someone please assist who has been invested longer than I. With the change in personnel and the additional funds this company could develop positively.

Does anyone know if he is still taking £200k plus out of the business in salary and perks?

your riddle is beyond me - so I will leave it. I still think that Morocco a good thing for SLE.

I seem to recall you posting on the SLE thread. I thought that you had stock in the company. No I do not have OF's details. Merger with Aurelian voted through yesterday. Completion should be 24.01.13. Plenty to interest one and Morocco possibly the best licences.

Whilst I am still invested here I wonder OT whether you still have an interest in San Leon? I agree with you and Gib that a revised takeout offer of Sierra is likely.

So New Hill took MTI Nominees shares. Now did MTI get fed up with Wither or did New Hill see a great opportunity? Time will tell whether Wither can perform for his £200K pa.

A Delaware USA fund.

A tremendous revelation of the value of the orders.. Well done. This is a company.with excellent products.

Yes aired at the agm; and at last year's agm and the year before and the year before that. In the meantime the losses have continued and the shares in issue have also multiplied exponentially to keep pace and to pay for it all. In the meantime Wither's emoluments have continued unabated. Are you Wither by any chance since you are not complaining?

I was and am pleased that the proactive interview notes for 2011 were posted when Wither was out with his begging bowl looking for money to keep this show on the road which at the same time meant that he could continue to obtain a large amount of money perks and pension contributions for himself whilst continuing to preside over a continuously loss making company. He has given up making profit forecasts since every time he misses them the Nomad forces him to announce a profit warning. Further he advances the company on Proactive in order to get punters to fork out more money. I would not mind if he received the current salary,perks and contributions he does if the company were in profit and profit means below the line profit. But he does not deserve more than a maximum of £40,000 pa in salary perks and pension contributions at present and has not deserved any more for the past 7 years. If he and his colleagues at board level feel that he does then he should be buying millions of shares in the company to show his faith. Either the products are good enough and priced competitively in which case they would be selling throughout the world or there is something wrong with the products or his selling ability. He cannot keep arguing that the product is ahead of its time. the market is not that stupid. There appears to be a market with the military and as I see it that market requires safety in supply and security in the patents and cannot afford for the patents to fall into the wrong hands. Thus since very few other people/businesses want the product sell the company to those supplying the military with radios and at least return something to shareholders rather than just making money for himself. So again I am grateful for the posting of last year's proactive interview. An analysis of that interview using hindsight shows how weak his stance is - sadly and supports a sale of the business. Some investors might call it a rallying call not matched by events. GedW - Wither is guarded in what he writes to you imo for the reasons that I have just set out. Ask him why he has not taken a substantial pay cut or in the alternative not bought another 10-20 million shares to justify his faith in the company. He should follow the example of Philip David who invested £100,000 of his own money in 2011 when the begging bowl was last out. I bet that if you do ask the questions, you will not get an answer. One can base the current share price as reflecting the failure of the ceo to deliver factual output of profits. If he took £160,000 less for himself that would be £160,000 less in the annual loss.

At present this appears to be a two trick pony. The first trick is a decent order with a military company. There appears little else. That is exposed by the posting of last year's Proactive rallying call to raise money by a poster in error recently when Wither talked of consumer items which could not do without Sarantel's technology which talk over the past year has not seemed to be justified. Also the two companies which dropped Sarantel antennae (because they allegedly had internal problems which were not connected with the antennae) do not appear to have reordered to any level previously achieved if at all. The second trick is that for a permanently loss making company Wither earns a small fortune and there is an available argument that the company exists as an independent vehicle to suit that cause rather than what is in the best interests of shareholders. If you are right GedW we will hear more about how difficult the Japanese market is. There are many inventions about which similar market comments have been made in the past but the product from those inventions succeeded where the general marketplace recognised quality at a decent price. It maybe that the antennae at price size etc are fit more military kit but struggle in consummables. The technology has a value although now reduced since part is no doubt hocked to the bank so if there is a demand from the military, an honourable exit and sell the company. Wither might lose his regular £200k per annum but would keep his reputation in tact and get another job elsewhere after a decent period of consultancy during the handover. The alternative is to put his own money on the table and buy 20 million shares for starters. I do not blame the other directors - they do not take out of shareholders limited funds the money that Wither does. the further alternative imo would be failure for Wither and the company's investors.